Cramer's Lightning Round - 2 Companies That Will Determine the Fate of Domestic Oil and Gas (4/8/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday April 8.

Bullish Calls:

CARBO Ceramics (NYSE:CRR), Core Laboratories (NYSE:CLB): "[CARBO] is a relatively unkown company. This is a company that does ceramics... it reminds me of Core Labs... these are great American technology plays to get more oil and gas from the ground... I'm bullish, although I think they are going to pull back because oil is going too high for them, and then you buy them again. Why? Because those companies are going to determine our fate of having more domestic oil and gas."

Juniper (NYSE:JNPR): "It had a tough week this week... we think the quarter is going to be great. People are worried about the quarter. I am not. I would be a buyer below $38."

Bearish Calls:

Express (NYSE:EXPR): "It's like a lot of other retailers that fly on the radar screen. People like it... it had a good quarter... cut it back... 52 week high in retail... don't be greedy."

Western Refining (NYSE:WNR), Tesoro (TSO): "When we talked about Tesoro, we said the refiners are going to have big quarters... I think they are too narrow... I think they'll merge, so I want you to sell, sell, sell when Western reports its quarter."

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